On July 13, 2026, Riyad Bank announced its intention to conduct a public offering of Additional Tier 1 Capital Sukuk denominated in Saudi Riyal (SAR) under its SAR 10,000,000,000 Additional Tier 1 Capital Public Sukuk Programme established on July 9, 2026. The board's decision to proceed was made on November 2, 2025, with the Capital Market Authority granting approval on June 15, 2026, Tadawul issuing conditional listing approval on February 25, 2026, and SAMA providing its non-objection on March 11, 2026. The issuance amount will be determined at a later stage based on prevailing market conditions. Proceeds are intended to enhance the Bank's Tier 1 capital and support general banking purposes, with Riyad Capital serving as financial advisor, sole arranger, and dealer.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.